Newmark Knight Frank Devencore Secures Canadian Facilities for Spanish
Chocolate Manufacturer Natra to Locate Production and Office
Facilities in Ontario
TORONTO, ONTARIO -- (Marketwired) -- 09/11/13 -- The GTA West office
of Newmark Knight Frank Devencore, Canada's largest corporate real
estate advisor and brokerage exclusively representing corporate
office and industrial space users, announced that it has successfully
completed a major tenancy mandate for Spanish multinational Natra, a
European leader in the manufacture of derivative cocoa and chocolate
The multi-faceted transaction involved securing Natra's specialized
production facility in London, Ontario and a sales office in Toronto.
The fit up of the production facility is currently underway.
The production facility will be part of Natra's consumer goods
division, complementing the company's existing multi-product
factories in Spain, France and Belgium.
According to Natra, establishing facilities in Canada is part of the
company's strategic plan to increase its presence in markets outside
Europe. The new plant, totalling 100,000 square feet, should be fully
operational in the first half of 2014 and is targeted to produce
12,000 tonnes of chocolate products per year.
"We are delighted to have been able to orchestrate and structure a
transaction of this complexity within a very limited time frame,"
said Marc Dexter, Associate Vice President and Sales Representative
at NKF Devencore's GTA West office. "The services we provided
included site selection, severance issues, enlisting municipal
support, negotiating multiple conditions, property rezoning, and a
number of other considerations. The success of the transaction hinged
on our ability to provide one-stop solutions for the entire process."
"It brings us a great deal of satisfaction to be able to fully
utilize our team of professionals to help a foreign company expand
their international operations into Canada," said Chris Allen, Broker
at NKF Devencore's GTA West office. "The creative structuring of the
transaction allows Natra to optimally manage their operations and
cash flow, and helping them establish and build their North American
presence is particularly gratifying."
About Newmark Knight Frank Devencore
As part of Newmark Grubb Knight Frank, one of the world's leading
commercial real estate advisory firms, Newmark Knight Frank Devencore
is Canada's largest corporate real estate advisor and brokerage,
exclusively representing corporate, industrial and retail space
users. With offices across the country, Newmark Knight Frank
Devencore offers its global clientele comprehensive services that are
individually designed to ensure executive real estate decisions are
supported by effective strategies and professional execution. To
learn more about our capabilities, please visit www.devencorenkf.com
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world's leading commercial
real estate advisory firms. Together with its affiliates and
London-based partner Knight Frank, Newmark Grubb Knight Frank employs
more than 11,000 professionals, operating from more than 340 offices
in established and emerging property markets on five continents.
Newmark Grubb Knight Frank's integrated services platform includes
leasing advisory, global corporate services, investment sales and
capital markets, consulting, program and project management, property
and facilities management, and valuation services. A major force in
the real estate marketplace, Newmark Grubb Knight Frank serves the
local and global property requirements of tenants, landlords,
investors and developers worldwide. For further information, visit
Newmark Grubb Knight Frank is a part of BGC Partners, Inc. (NASDAQ:
BGCP), a leading global brokerage company primarily servicing the
wholesale financial and real estate markets. For further information,
Director, Marketing and Communications
514-392-1330, ext. 225
Newmark Knight Frank Devencore
Devencore Ltd., Real Estate Agency
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